BLZ - Blaze Minerals

[alankew]

Anyone notice the trade yesterday in the options,600K buy,not much in monetary terms but still someone willing to have a punt.Announcement was expected end of May i believe on this one,am awaiting a return call from the company but still amazed that they havent changed their website

 

[alankew]

Spoke to the company Friday and asked about the U update tha was due and they said that it should be quite soon and that things had been delayed due to a backlog created by companies in the same position.Asked about the options that are soon to expire and they said that they are well aware of the situation-hopefully they will have something very soon so that options dont expire worthless

 

[nizar]

Spoke to the company Friday and asked about the U update tha was due and they said that it should be quite soon and that things had been delayed due to a backlog created by companies in the same position.Asked about the options that are soon to expire and they said that they are well aware of the situation-hopefully they will have something very soon so that options dont expire worthless

Thanks for the update Alan.
Yeah oppies will stop trading in about 2 weeks.
So next week is the week.

 

[TedE]

Spoke to the company Friday and asked about the U update tha was due and they said that it should be quite soon and that things had been delayed due to a backlog created by companies in the same position.Asked about the options that are soon to expire and they said that they are well aware of the situation-hopefully they will have something very soon so that options dont expire worthless

Hopefully that will be this week. After all, its been almost 2 months since they told me 4 to 6 weeks from the start of the survey which was to start imminently.

Also just noticed this in the announcement on 20 April:

The survey is expected to be completed by the end of April with results being interpreted by end of May.

 

[Pommiegranite]

Hopefully that will be this week. After all, its been almost 2 months since they told me 4 to 6 weeks from the start of the survey which was to start imminently.

Also just noticed this in the announcement on 20 April:

The good news

BLZO - Options are 0.001c

So $1000 will get you 1 million options

The bad news

Options expire at the end of this month...However survey news is well due.

The question

Do you feel lucky punk...well do ya?

 

[giss]

blz has heaps of potential!

if they have a favourable announcement the options may just be worth something afterall!

I'm sure there must be plenty of people in the company with lots of options. Hence some pressure to get their results out soon!

 

[giss]

The ominous announcement that this friday is bellyup time for the options exercisable at 10cents is annoying. They have been slow at releasing any results. I don't think the options have much chance now. Does anyone have anything to add before we take this dog out & shoot it?

 

[YOUNG_TRADER]

As Nizar said it was an all or nothing play, high risk with very high reward

As for news, well the survey they flew over Yeerilie should be interpreted by Early/mid June

Some nice channel extensions/anomolies would be good!

Well turned out to be a nothing play for me with my $5k in options expiry worthless,
Very dissapointing that the company took this long to get the news out on Yeerilie, very dissapointing

The good news

BLZO - Options are 0.001c

So $1000 will get you 1 million options

The bad news

Options expire at the end of this month...However survey news is well due.

The question

Do you feel lucky punk...well do ya?

I did feel lucky, but I was wrong, guess that makes me a punk lol

 

[nizar]

Well turned out to be a nothing play for me with my $5k in options expiry worthless,
Very dissapointing that the company took this long to get the news out on Yeerilie, very dissapointing



I did feel lucky, but I was wrong, guess that makes me a punk lol

Hi YT.

Yes it was $8.5k for me
(Initial 3.5mil at 0.001 then added 2.5mil at 0.002 when i thought it was gonna take off).

When it was clear that they were gonna expire worthless, i said to myself, why did i do this??

Then i thought about it again -- and with the same odds, i would take the same trade again. For sure. No regrets.

 

[Bluesky]

I just got shafted today with this, bought in at .048c (12K worth) this morning. Thought yeah i could make something here. As soon as i bought i checked market depth to see if i got through. Got it. Then there was a pause, after 1 minute of nothing. Sellers started popping up. I left it in hope the arvo session would bring it back up again. No luck. Got out at .04c
There goes 2k.

Expensive way to learn hey

 

[Joe Blow]

I have cleaned up this thread a little.

Giss, firstly there is no need to post in all capitals. It is the online equivalent of shouting so it would be appreciated if you could refrain from doing it.

Secondly, terms such as 'undervalued' must be accompanied by some detailed reasoning so others can evaluate and perhaps respond to your valuation or view that a particular company is worth more than the market currently values it at. Lets try and avoid sales pitches and just stick to the facts.

Now, if you wish to rephrase your initial post with that in mind you are most welcome.

 

[Brujo]

I just got shafted today with this, bought in at .048c (12K worth) this morning. Thought yeah i could make something here. As soon as i bought i checked market depth to see if i got through. Got it. Then there was a pause, after 1 minute of nothing. Sellers started popping up. I left it in hope the arvo session would bring it back up again. No luck. Got out at .04c
There goes 2k.

Expensive way to learn hey

Yes a very weird day of trading. At one point this morning I swear the buyers dropped from 17million or so to just 3-4 million in the blink of an eye.....

And yes, weird that no announcement was made before 200,000,000-odd options were due to expire. I can't see radiomentrics taking that long to analyse (i.e. nearly 3 months). The announcement obviously was not exciting enough to prompt the shares towards 10c (although who knows what the next few days will bring)....but....

Perhaps not diluting the capital structure any further is more important at this stage than generating cash.........?

A chequered recent history, this one....

*Buys uranium company for large issue of shares (and note the low hurdle of $500k expenditure to trigger another large issue of shares and options to the vendor)
*Appointment of new director
*Changes registered office
*Changes company secretary
*Change of chairman (note that only a non-exec director appointed, not necessarily a new chairman)
*Change of company secretary
*Note from MD re: mistakes on option letter (including to contact him rather than secretary)
*...and a new address on today's announcement....

Some fun and games to come with this one.....

 

[nizar]

I just got shafted today with this, bought in at .048c (12K worth) this morning. Thought yeah i could make something here. As soon as i bought i checked market depth to see if i got through. Got it. Then there was a pause, after 1 minute of nothing. Sellers started popping up. I left it in hope the arvo session would bring it back up again. No luck. Got out at .04c
There goes 2k.

Expensive way to learn hey

Isnt it weird how 60mil+ volume only pushed this up by 3-ticks?
What does that tell you?

Sellers galore

 

[Craze0123]

well, its up 40% today...only reason i could think off is Howard's Ann about selling U to India, Time for U stocks to move again lol.

 

[mickqld]

Does anyone know what is happening with this company?

This is an utter disgrace. Their last resource announcement was

............11 July 2007
URANIUM RICH SOURCE ROCKS IDENTIFIED AT YEELIRRIE
Blaze International Limited (“Blaze”) has identified a number of prospective uranium rich sediments and source
rocks (weathered granites) as a result of the recently completed detailed airborne radiometric-magnetic survey
over its 100 per cent owned Yeelirrie uranium project in Western Australia.
The Yeelirrie uranium project comprises of thirteen tenements, covering a very large area of approximately
2,000 square kilometers, and surrounds BHP Billiton’s Yeelirrie uranium deposit - the world’s largest calcrete
uranium deposit containing 52,000t of uranium oxide. (Refer to Figure 1)
The detailed radiometric survey recently completed defined surface radiometric anomalies within the broader
Yeelirrie valley system, adjacent to BHP Billiton’s Yeelirrie uranium deposit.
At both the Yeelirrie North and South prospects, the survey(s) identified uranium enhanced sediments and
source rocks (weathered granites) within tributaries of the main Yeelirrie channel. These tributaries have, and
are, contributing significant uranium mineralisation into the main Yeelirrie channel over ten’s of kilometers.
At Yeelirrie North, the survey has highlighted four south flowing tributaries with enhanced uranium signatures.
The western most of these tributaries (Anomaly A) feeds approximately ten kilometers directly into the main
Yeelirrie channel at the approximate position of the Yeelirrie uranium deposit, whilst the remainder feed into the
main channel below the Yeelirrie deposit (Refer Figure 2, Anomalies A, B, C &D).
At Yeelirrie South, two east flowing tributaries of the main Yeelirrie channel have been highlighted by their
prominent uranium channel signature. The whitish areas in the red (potassium), green (thorium), blue
(uranium) or “RGB” image attached (Refer Figure 2, Anomalies E & F) represent areas over approximately
twenty kilometers showing elevated uranium, thorium and potassium.
These radiometrically anomalous tributaries within Blaze’s tenements will be followed up by geological
reconnaissance, ground radiometric surveys and air core drill testing priority target areas.
The airborne magnetic data collected at the same time as the radiometric data will be used to define favourable
structures which may have played a part in the precipitation of uranium mineralisation within the regolith. It is
expected that the ground reconnaissance and ground radiometric surveying will commence next month to be
followed by drilling the uranium anomalies.
Vincent Hyde
Director


Where is the accountability from these directors?
Not a single sign of any further development or announcement since July 2007 just a few financial reports. Absolutely appalling no regard for shareholders at all.

 

[greggles]

BLZ up today on news that it has entered into binding terms to acquire 100% of Everest Minerals Pty Ltd. According to the announcement Everest holds investments in other listed mining and exploration companies and as at 22 December 2017 the value of these investments totals approximately $340,000, and $880,000 in cash.

To fund the acquisition Blaze International proposes to issue 48,520,012 fully paid ordinary shares in the equity capital of the Company to the shareholders of Everest.

While BLZ is up today on this news, it is useful to take a look at a 10 year chart to get some perspective on the company's long term trajectory. My only comment: Ouch!

 

[Joules MM1]

BLZ getting pumped on the word "advisor" .....RTO is another acronym for "advisor"

watch out for the fade

 

[Swervin Mervin]

Anyone else jumping on this. Auger results due and drilling to commence soon after. Currently 4.1c with only a $10m MC

 

[mullokintyre]

BLZ seems to be going down in a blaze of mediocrity.
Latest test results most uninspiring.

 

[doogie_goes_off]

Just a quick wake up for this thread. They have the ground next door to Rumble Chinook/Earaheedy Zinc discovery. Immediately next door, like on the same prospective horizon for atleast 20km. In a deal made today. So I don't think it will fade away, nor do I care about the previous gold results, have a look at the size of the nickel anomalies compared to Julimar and the potential to be a world class find that's 2 places with a better than one in ten chance of discovery. I'd say 10M is a small market cap for such upside. *slides some in the bottom drawer (held)